Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[crazy_rabbit]

You overestimate the negative sentiment the masses have on financial institutions and governments.  Yes, everybody complains but most are content with what they have.  It's certainly not so drastic that people will go through the incredibly difficult processes of setting up wallets, getting money into the system, buying BTC and then finding a way to spend them, which we know are far and few between. 

Not to mention, Bitcoin is becoming a bad word associated with all things criminal much faster than it's becoming some "beacon of light" as it relates to currency.  It's highly volatile, it's clunky, difficult and confusing and it's absolutely vulnerable to far too many variables. Image is everything and Bitcoin is losing that battle.  It's attractive to diehards and high risk investors sure, but most of them have no clue what mainstream wants because they are completely out of the loop. 

Bitcoin is like Napster.  It has shown us the way but an "iTunes" is coming to do it right.  My guess is that's Ripple.  They have the advantage of being able to take the high road and separate themselves from the black market, money laundering stigmata that Bitcoin has developed, while still accepting Bitcoin as a currency.  This is good for Bitcoin and it's last gasp at mass adoption.  If the masses are more concerned with low transaction fees and ease of use, than they are having actual stores of wealth, the XRP will reign because an IOU will be sufficient. 

You're new here, aren't you? Welcome to bitcoin. This is nothing. :-)

[Coinseeker]

You overestimate the negative sentiment the masses have on financial institutions and governments.  Yes, everybody complains but most are content with what they have.  It's certainly not so drastic that people will go through the incredibly difficult processes of setting up wallets, getting money into the system, buying BTC and then finding a way to spend them, which we know are far and few between.  

Most are not content. How could you ever make a statement like that? We are in the top 5% or so of the world, right? I mean just being here and on a computer. And many of us, if not most, see the disparity of wealth. I'm afraid you are missing the point of BTC. You often speak of it in terms of "investing". It is a movement. It is a symbol. It is a statement. It may flop, but the seed has been planted and that is in part, why I "donate" to the cause. There is no failing in setting precident. This isn't about making money. It is about making change.

This really proves my point that diehards are completely out of the loop of mainstream.  This is not mainstream thinking, this is diehard Bitcoin thinking which accounts for what percent of the world population.  0.0001% maybe?  I don't know but it's really small.  In my view, it's this prehistoric thinking that turns the masses off.

Remember in the days of AOL CD's all over the place? I was an IT guy back then and thought "Who the heck needs help setting up an account? What a joke? It is easy!" But see, we are the techy's (here). We are the leaders/early followers. We are just laying the foundation. We are analagously in the stage of going from a command line internet search (our clunky wallets) and going to Netscape Navigator (nice and easy to use wallets). Don't lose sight of the forest by staring at the tree too closely.

I do remember the AOL CD.     This really just proves my Napster analogy.  Bitcoin developers have failed to deliver the ease of use that mainstream demands.  Now from my tinkering with Ripple, it too isn't the easiest thing ever but it's a whole lot better than the current state of Bitcoin.  Yes, Bitcoin has laid the foundation, just like Napster did, and now someone will do it better.  Technology moves fast and apparently the BTC developers have been unable to keep up.

Not to mention, Bitcoin is becoming a bad word associated with all things criminal much faster than it's becoming some "beacon of light" as it relates to currency.  It's highly volatile, it's clunky, difficult and confusing and it's absolutely vulnerable to far too many variables. Image is everything and Bitcoin is losing that battle.  It's attractive to diehards and high risk investors sure, but most of them have no clue what mainstream wants because they are completely out of the loop.

Wars with words has been "their" norm. The "War on Drugs", "War on Terror", etc. But, we are collectively waking up. Associate all you like. We are waking up. It comes down to prosectution and laws and as you can see, they are trying to pull an Al Capone on us. They can't catch us, not legally anyway, so they are going for the regulations. But, most exchanges will follow regulations. VC's will start new ones that will. It will be a huge snowball effect. They are just helping us to be legit.

 What I'm saying is, Ripple is going to come in and save the day long before this cultish rhetoric destroys the Bitcoin brand.  Nobody cares about Bitcoin principles except you early adopters.  The masses don't care and without the masses, bitcoin is useless and your mission will have failed.  It's ironic but true, you have to abandon your principles, just to be relevant to everyday society.  Since I personally can't stand libertarians, I think it's just irony and hilarious to boot. Watching many try to fit a square peg into a round hole is pure comedy.  

Bitcoin is like Napster.  It has shown us the way but an "iTunes" is coming to do it right.  My guess is that's Ripple.  They have the advantage of being able to take the high road and separate themselves from the black market, money laundering stigmata that Bitcoin has developed, while still accepting Bitcoin as a currency.  This is good for Bitcoin and it's last gasp at mass adoption.  If the masses are more concerned with low transaction fees and ease of use, than they are having actual stores of wealth, the XRP will reign because an IOU will be sufficient.  

Bitcoin is like torrent. Money is like Napster. Do I have to hold your hand with these basic observations. Again, this is why I see you as being manipulative. Your ability to communicate and what you say are at two different levels. It is easy to dissect your purpose here. I'm just making it easier for others to see what you are.

What am I?  Honest?  Opinionated?  In tune with the masses?  "Oh no, everyone grab a rock and let the stoning begin."  

Overall, you are one of the most negative and fearful posters on this board. I see nothing in the way of an open mind. So, I imagine all of this is a challenge to your reality set. It sounds like being correct is more important to you than helping life to continue here on Earth. Being right is more important than taking a chance and making a statement. Sitting there watching everyone dance while you remain in shackles must be tough. But it's never too late to get up. Maybe we can't dance well, but we are trying. We are going forward, with or without you.

Dream, take a chance, do what is right, get away from the darkness and fear.

IAS

No, I live in the real world.  I understand the mainstream.  Bitcoin diehards want mainstream appeal without catering to the mainstream.  It makes no sense.  Sorry.  It's never going to happen. My only goal is to speak my opinions.  Why my mere words continue to grip you with such fear, can only lead me to believe that you're afraid people will reject this cult pamphlet you have typed up.  Well, diehards will never listen to me so you're ok there.  They are ideological, just like you. They can't hear anything outside of the "cult code". You have the right to your opinion and I respect that.  I just disagree....as does the majority of the mainstream.  And this is all just another reason, mainstream remains turned off.
  

[Coinseeker]

You're new here, aren't you? Welcome to bitcoin. This is nothing. :-)

Thank you.  Cheers!  

[Missionary]

Please stop quoting Coinseeker.

[Miz4r]

Please stop quoting Coinseeker.

Yes please, I ignored him but I still get to see his fear mongering crap because of people quoting him.

[ChartBuddy]

[Pale Phoenix]

Satoshi Dice has announced that it's blocking U.S. IP addresses from accessing the site:
https://bitcointalk.org/index.php?topic=77870.msg2164694#msg2164694

Lot's of red over at MPEX http://mpex.co/?mpsic=S.DICE

[Coinseeker]

Satoshi Dice has announced that it's blocking U.S. IP addresses from accessing the site:
https://bitcointalk.org/index.php?topic=77870.msg2164694#msg2164694

Lot's of red over at MPEX http://mpex.co/?mpsic=S.DICE

Yup, the United States is getting ready to be isolated completely, just like what happened with poker.  You don't have to kill the sites, you just have to block the flow of money.  The people at Satoshi Dice were wise to take the advice of "legal counsel" and not the advice of the internets ideological "elite".  Seems the love of money does trump hardcore principles after all.  Hmmm....imagine that.

[samson]

Satoshi Dice has announced that it's blocking U.S. IP addresses from accessing the site:
https://bitcointalk.org/index.php?topic=77870.msg2164694#msg2164694

Lot's of red over at MPEX http://mpex.co/?mpsic=S.DICE

LOL, the thing is with Satoshi Dice once you know the Bitcoin deposit addresses the actual website is irrelevant. It only exists to advertise the deposit addresses.

Anyone anywhere in the world can still send Bitcoin to Satoshi Dice regardless of whether the systems website is blocked to their ISP.

Or am I missing something here ?

[fr33d0miz3r]

And... another isolation for US citizens:

[Ivanhoe]

And a couple of years ago they were freeing the Iraqi's from Saddam Hussein..... oh the irony

[dmcdad]

Satoshi Dice has announced that it's blocking U.S. IP addresses from accessing the site:
https://bitcointalk.org/index.php?topic=77870.msg2164694#msg2164694

Lot's of red over at MPEX http://mpex.co/?mpsic=S.DICE

Yup, the United States is getting ready to be isolated completely, just like what happened with poker.  You don't have to kill the sites, you just have to block the flow of money.  The people at Satoshi Dice were wise to take the advice of "legal counsel" and not the advice of the internets ideological "elite".  Seems the love of money does trump hardcore principles after all.  Hmmm....imagine that.

And yet more and more fiat conversion opportunities open themselves up daily (today it is Webmoney, which is *huge*). Will some spigots of conversion be turned off? Definitely. Will enough other fire hydrants be built to ensure a liquid BTC economy? I think so. Time will tell. Trying to plug the flow of BTC liquidity/fiat conversion is going to be very difficult to accomplish. Totally different scenario than cutting off ACH or CC payments to gambling sites.

[Coinseeker]

SMH.  This is identical to the poker shutdown except these businesses are being proactive and blocking before the USG arrives.  They know the USG is dead serious.  Where some see the MtGox thing as "no big deal", rational people recognize it for what it is.  A telegraphed warning.  Comply or die.  Just saying.

And... another isolation for US citizens:

[crumbcake]

Satoshi Dice has announced that it's blocking U.S. IP addresses from accessing the site:
https://bitcointalk.org/index.php?topic=77870.msg2164694#msg2164694

Lot's of red over at MPEX http://mpex.co/?mpsic=S.DICE

LOL, the thing is with Satoshi Dice once you know the Bitcoin deposit addresses the actual website is irrelevant. It only exists to advertise the deposit addresses.

Anyone anywhere in the world can still send Bitcoin to Satoshi Dice regardless of whether the systems website is blocked to their ISP.

Or am I missing something here ?

"Willfully ignoring" describes things a bit better.

[dexX7]

Been sleeping the last ours. I read already about Webmoney accepting BTC and SatoshiDice excluding US customers. Great thing. Anything significant else?

Let's visualize the real consequences of the Mt.Gox dilemma:



Just.. wow.

Edit: Oh.. I see. About 50k? BTC sales on Gox last night.

[ManBearPig]

Cons of living in the UK with regards to Bitcoin:

We can't spend our BTC anywhere a la Gyft (it doesn't stop me asking the biggest gift voucher websites if they plan to do this).

We don't have a Bohemian area in a big city which has adopted Bitcoin like Berlin.

Pros: we can gamble, tax-free.

The net result of which means I have more Bitcoins

[fr33d0miz3r]

Been sleeping the last ours. I read already about Webmoney accepting BTC and SatoshiDice excluding US customers. Great thing. Anything significant else?

Webmoney also exclude US customers

[micalith]

Please stop quoting Coinseeker.

Yes please, I ignored him but I still get to see his fear mongering crap because of people quoting him.

+1

[fitty]

Been sleeping the last ours. I read already about Webmoney accepting BTC and SatoshiDice excluding US customers. Great thing. Anything significant else?

Webmoney also exclude US customers

Which is good. The US can't do shit to them, they're a huge company, they're extremely popular, it's a huge boost for Bitcoin. The more non-US businesses we have dealing with Bitcoins the better.

[fr33d0miz3r]

Which is good. The US can't do shit to them, they're a huge company, they're extremely popular, it's a huge boost for Bitcoin. The more non-US businesses we have dealing with Bitcoins the better.

+1